More electric shocks for consumers
Cypriot consumers were warned to brace themselves for more hikes to their electricity bills, as the Electricity Authority of Cyprus (EAC) said they expect increases in line with an upward trend in oil prices. Quoted by Kathimerini Cyprus’ edition, Demetris Nathanael, Acting Spokesperson of the EAC,
The property market in Paphos is thriving as major deals push the total value of transactions over €190 mln during the second
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The property market in Paphos is thriving as major deals push the total value of transactions over €190 mln during the second quarter of 2023, according to a report by Ask Wire.
Read MoreOn the occasion of the revision of local planning zones regarding the mountain areas and resorts, I have some thoughts that may
The government is working on ways to collect thousands of unpaid fines from the speed camera network, said Transport Minister Alexis Vafeades.
Cypriot conservationists released a batch of seven Spanish vultures into the wild to help replenish the native population, which is threatened with
Business
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According to research, the value of the Cypriot ICT market reached €781 million in 2022, showing an annual growth of 4.7%, while the IT market (excluding telecommunications) was valued at €302 million, an annual increase of 8.4%. Spending on IT
Read MoreCyprus Airways has announced a record-high monthly performance after its August passenger numbers increased 71% to 79,804 from 46,800 last year. In
Greece’s Eurobank is reportedly preparing a strategic roadmap to takeover Hellenic Bank, the island’s second-biggest lender; however, there are obstacles as major
Deloitte’s “Technology FAST 50” is a prestigious program awarding fast-growing technology companies headquartered in the Middle East and Cyprus, allowing them to
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A Ukrainian woman was sentenced to six months in prison for a racially motivated assault against Russians gathered to celebrate the Russia National Flag Day on 22 August last year in Larnaca.
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In 2018, 7% of EU enterprises employing at least 10 persons used industrial or service robots, Cyprus had the lowest percentage in the bloc. Large enterprises use robots much more (25%
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Turkish Cypriot leader Ersin Tatar rejected the appointment of a UN envoy for Cyprus during his meeting with the UN Secretary-General, Antonio Guterres, in New York. Tatar also rejected participating in a
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On the occasion of the revision of local planning zones regarding the mountain areas and resorts, I have some thoughts that may
Are we really doing enough for everything happening today in the world, specifically in the Ukraine? An ongoing invasion and occupation, this
On 21 September, the Central Bank of Turkiye (CBRT) raised its policy rate by 500 basis points (bp) to 30%, following a
The formidable power of generative artificial intelligence (GenAI) combined with other existing AI models can transform how companies operate and individuals work.
This week, the government came to a standstill as attention focused on the President’s New York shuffle to get the international community
Energy
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Cypriot consumers were warned to brace themselves for more hikes to their electricity bills, as the Electricity Authority of Cyprus (EAC) said they expect increases in line with an upward trend in oil prices. Quoted by Kathimerini Cyprus’ edition, Demetris Nathanael, Acting
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Greece and Saudi Arabia have agreed to set up a jointly owned company that will look at linking their power grids, taking
The construction of a petroleum products storage terminal by 2025 is considered a project of exceptional importance for Cyprus’ strategic energy autonomy, said
The Finance and Energy Ministries have approved a grant scheme, “Photovoltaics for all”, encouraging homeowners to install solar systems on their roofs.
World
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By Craig Erlam European stock markets were performing well at the end of the week after spending much of the past days
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Are we really doing enough for everything happening today in the world, specifically in the Ukraine? An ongoing invasion and occupation, this
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The Cyprus parliament unanimously adopted a resolution condemning the military operations by Azerbaijan against the Armenian population of Nagorno-Karabakh. Lawmakers called upon
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By Craig Erlam Another mixed session in Europe on Thursday with US stocks pointing to a similar open on Wall Street despite
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Maritime
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Shipping Minister Marina Hadjimanolis said Cyprus is “an ideal place for companies to develop and excel” during a speech at an event in London on the sidelines of International Shipping Week. Addressing a packed Cyprus High Commission headquarters, she said
Read MoreCypriot politician Christos Stylianides has stepped in as Greece’s new shipping minister after Miltiades Varvitsiotis resigned on Monday over the death of
Paralimni is set to welcome the island’s fifth marina next summer at the northern tip of the popular Protaras holiday resort, with
Limassol Port has acquired new equipment in an ongoing effort to enhance operations and increase productivity at the Multi-Purpose Terminal. The acquisitions
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Cypriot conservationists released a batch of seven Spanish vultures into the wild to help replenish the
A 3.2 magnitude earthquake on Friday shook Limassol, but there was no structural damage or injuries,
The percentage of Cypriots interested in the news from most information sources has recorded a drop,
The British Council launched the tenth year of its Study UK Alumni Awards programme, celebrating the
UEFA and the Cyprus Football Association (CFA) staged a special grassroots event offering more than 90
